Equitas Small Finance Bank shares gain 3% as board approves fundraising plans via QIP, NCDs; check details

Equitas Small Finance Bank (SFB) shares gained as much as 3% to an intraday high of ₹79.43 apiece on Wednesday, June 24, after the lender said its board of directors approved fundraising plans.

At the annual general meeting (AGM), the bank’s board gave a nod to raise up to ₹500 crore through the issuance of rated, listed, unsecured, subordinated, redeemable non-convertible debentures (NCDs) or other debt securities on a private placement basis. The fundraising is subject to approval from the bank’s shareholders and necessary regulatory clearances.

Further, the board also approved plans to raise up to ₹1,250 crore through a qualified institutions placement (QIP) in one or more tranches, subject to shareholder approval and necessary regulatory clearances.

Apart from this, the bank has reappointed Vasudevan P.N. as the Managing Director and Chief Executive Officer for a period of three years with effect from July 23, 2026, up to July 22, 2029.

The board of directors have also approved the re-appointment of Geeta Dutta Goel as an Independent Director of the bank for a second term for a period of three years, while Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) N. Sridharan will retire on June 30, 2026.

Earlier this month, Equitas SFB had revised its FCNR(B) deposit rates, announcing an upward adjustment to enhance returns for Non-Resident Indians (NRIs). The bank now offers interest rates of up to 7.13% per annum on US Dollar FCNR (B) deposits for tenures ranging from 3 to 5 years. The rate hike follows the Reserve Bank of India’s special FCNR (B) swap facility, introduced to encourage higher inflows of NRI funds into the country.

Equitas SFB Q4 earnings

For Q4 FY26, the bank had reported a net profit of ₹213 crore, soaring 406% year-on-year (YoY) and 136% sequentially. Its net interest income (NII) rose 18% YoY at ₹981 crore.

The lender’s margins expanded during the reporting quarter, with Net Interest Margin (NIM) improving to 7.29%, up around 57 bps QoQ.

Equitas SFB share price

At 2:05 PM, shares of Equitas Small Finance Bank were trading at ₹77.55 apiece on the National Stock Exchange, rising 0.61%.

In a month, shares of the company have jumped 14%, while for six months’ time, they have climbed 26%. On a year-on-year basis, Equitas SFB shares have gained 16%.

Shares of the company had touched their one-year high of ₹80.14 apiece on June 16, 2026, while their 52-week low of ₹50 was hit on September 1, 2025.

According to NSE data, Equitas Small Finance Bank has a market capitalisation of ₹8,867.28 crore.